Gov’t happy as MPs pass foreclosure bills
President Nikos Christodoulides expressed satisfaction with the passage of a set of bills on foreclosures on Friday, underscoring a commitment to expedite proceedings addressing risks to the country’s economy from non-performing exposures. “I am optimistic that the implementation of prudent policies will fortify our economy and
By Craig Erlam There’s been a lot of talk this week whether investors have become too optimistic about interest rate cuts next
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President Nikos Christodoulides expressed satisfaction with the passage of a set of bills on foreclosures on Friday, underscoring a commitment to expedite proceedings addressing risks to the country’s economy from non-performing exposures.
Read MoreConstruction of the €1.9 bln section of an electricity cable that will connect the power grids of Greece and Cyprus is slated
Cyprus President Nikos Christodoulides will be forwarding to the island’s Legal Services a damning report by Auditor General, Odysseas Michaelides, claiming that
The Turkish army is escalating tensions along the buffer zone by constructing fortifications and defensive structures near Deryneia, Famagusta, at time when
Business
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Construction of the €1.9 bln section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, according to news reports, with the project renamed Great Sea Interconnector, that
Read MoreAPOEL Nicosia, the historic football powerhouse in Cyprus, is up for sale, with the club’s owners hiring an international agency to seek
Low-cost carrier Wizz Air has reached a milestone of 7 million passengers travelling to and from Larnaca airport since the airline started
Sony’s debut of its latest gaming console, the PlayStation 5, marked a transformative chapter in the gaming landscape, primarily propelled by the
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The island’s labour stability is under threat as unions representing civil servants are set to decide whether to escalate their campaign for pay raises for 9,000 low-paid state employees. Members of the
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Massive abuse of system led to thousands of passports being issued illegally Demetra Kalogerou was the longest serving Chair at the Cyprus Securities and Exchange Commission with a reputation for building
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A team of 24 U.S. experts, including FBI agents, have arrived in Cyprus to investigate reports implicating the island in sanctions busting by Russian oligarchs, Government spokesperson Konstantinos Letymbiotis confirmed on Monday.
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The financial oversight of the public sector in every democratic country is as important as the political oversight itself. That’s because public
With the world falling apart as wars in the Middle East and Ukraine rage on, the British Prime Minister decided to pick
It seems that women’s rights are not taken seriously in Cyprus, worst of all by women themselves. The argument about narrowing and
We live in an era where countries and organisations try to promote innovation in products and services. They range from disposing and
The COP28 climate summit is finally upon us. It kicked off Thursday in Dubai, and over the following 12 days, it is
Energy
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Construction of the €1.9 bln section of an electricity cable that will connect the power grids of Greece and Cyprus is slated to begin in the new year, according to news reports, with the project renamed Great Sea Interconnector, that will eventually
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Energy Minister George Papanastasiou has confirmed the successful conclusion of negotiations between the Cyprus government and Chevron, the U.S. energy company, regarding
Energy companies operating in the Eastern Mediterranean- Chevron, ENI, Shell, and ExxonMobil- reaffirmed their commitment to exploiting natural gas. US oil major
The European Commission has maintained a proposed pipeline connecting the gas reserves in the Eastern Mediterranean to Greece via Cyprus and Crete
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By Craig Erlam There’s been a lot of talk this week whether investors have become too optimistic about interest rate cuts next
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By Naeem Aslam Gold prices surged to a historic high of $2,100, marking a significant milestone before undergoing a notable correction. Traders
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By Craig Erlam US stocks were off to a decent start again on Wednesday, buoyed by data that pointed to further weakness
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Four Cypriot companies found themselves sanctioned by the U.S. authorities after evidence linking them to the sale of equipment used for drones
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Maritime
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Cypriot Despina Theodosiou has received the International Maritime Organisation’s (IMO) first Gender Equality Award. According to the Deputy Ministry of Shipping, the decision was taken during the 130th Session of the IMO Council held on Thursday in London. From London, where
Read MoreThe Cyprus Shipping Chamber welcomed Monday’s One-Stop-Shipping-Centre (OSSC) launch at the Shipping Deputy Ministry. It said this initiative is a significant step
A one-stop-shop shipping centre at the Deputy Ministry of Shipping will be operating next week, starting with the services of the Department
DP World Limassol saw record cruise ship calls in October, welcoming 31 cruises and around 48,000 passengers to the island. This was the company’s best-ever monthly performance since
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APOEL Nicosia, the historic football powerhouse in Cyprus, is up for sale, with the club’s owners
Cases of domestic violence in Cyprus are on the rise, as police revealed that officers have
The latest Eurobarometer reveals that seven out of ten Cypriots believe that their country has benefited
Sony’s debut of its latest gaming console, the PlayStation 5, marked a transformative chapter in the
Budget airline Ryanair has launched its highly anticipated summer 2024 schedule with over 1.5 million seats
